bmrcFebruary 15, 2021 31
Global Online Gambling Market is valued at USD 47.57 Billion in 2018 and expected to reach USD 94.37 Billion by 2025 with the CAGR of 10.28% over the forecast period.
Increased use of internet gambling by young people due to the fact that it has no payment restrictions and rapidly growing smartphone penetration with high participation in gambling activities are the major factors driving the growth of Global Online Gambling Market.
A recent report on Online Gambling Market provides a detailed analysis on the industry size, revenue forecasts and geographical landscape pertaining to this business space. Additionally, the report highlights primary obstacles and latest growth trends accepted by key players that form a part of the competitive spectrum of this business.
Technavio Research: Gambling Market Will Exhibit Negative Impact During 2020-2024 | Research Report by Technavio
Technavio has been monitoring the gambling market, operating under the Consumer Discretionary. The latest report on the gambling market, 2020-2024 estimates it to register an incremental growth of USD 231.63 billion, at a CAGR of over 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210120005801/en/
Technavio has announced its latest market research report titled Gambling Market 2020-2024 (Graphic: Business Wire)
MGM Says It Won’t Make Offer for Entain After Bid Rejected
Bloomberg 1/19/2021 Cécile Daurat and Thomas Seal
(Bloomberg) U.S. casino operator MGM Resorts International said it decided not to make a firm offer for Entain Plc after the U.K. gambling company dismissed its $11 billion takeover attempt. Entain shares slumped as much as 20% in London.
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A merger would have given MGM full control of BetMGM, the two companies’ U.S. joint venture and a beachhead in a market seeing rapid growth. Under the proposed terms, Entain investors would have exchanged stock for 0.6 of a share of MGM and would have held about 42% of the combined business.
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March to April 2020 in Review: Betting tackles its Covid trauma Share
March 25, 2021
SBC recounts the traumatic months of March and April 2020, as the deadly coronavirus spread across Europe, leading to nationwide lockdowns and the cancellation of sports fixtures across the world.
SBC – COVID-19 shocks signal that 2020 will be no ordinary year…
As COVID-19 triggered what has been described as an ‘unprecedented’ situation, the betting industry was forced to enact immediate contingency plans, closing down retail estates and ordering their employees to work from home en masse.
Italian bookmakers triggered an early warning to the betting industry, as the government enforced an immediate nationwide lockdown to all retail businesses, stating that Italy had entered its ‘darkest hours‘.